Adani Enterprises Q2 results FY25 reported a whopping 664% year-on-year growth in the consolidated net profit. On the Adani Enterprises Q2 results date which was October 29, 2024, the Adani Enterprises share price closed at ₹2,848.60. On October 30, 2024, Adani Enterprises share price closed with a rise at ₹2,969.30. So, let’s get into the details of the Adani Group’s company quarterly results and key performance highlights.
Adani Enterprises Results Q2 FY25: Key Highlights
Adani Enterprises share price has delivered positive returns of 4.24% in the last 1 day (as on October 30, 2024) with a happy response to the profit jump. The consolidated net profit was ₹1,742 crores in the second quarter of FY25 higher than the net profit of ₹228 crores in the sequential quarter of FY24.
The revenue from operations rose to ₹22,608 crores in Q2 FY25 with a growth of 16% YoY from ₹19,546 crores in Q2 FY24 according to the Adani Enterprises quarterly results. EBITDA increased to ₹8,654 crores by 47% YoY in Q2 FY25 backed by the strong performance of the Adani New Industries and Adani Airport Holdings.
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Adani Enterprises Q2 Results FY25: Money Raised
The company raised ₹4,200 crores through the QIP route in which international and domestic investors participated. Also, the company (plus its subsidiaries) raised ₹3,874 crores by issuing non-convertible debentures as mentioned in the Adani Enterprises results.
The Navi Mumbai International Airport started the operations of its first IAF aircraft. The company also received a letter of award for an electrolyzer manufacturing facility and the development and operation of the Iron Ore mine at Taldih.
Conclusion
Adani Enterprises Q2 results announced the approval of ₹2,000 crores in fundraising plans through non-convertible debentures in single or more tranches. The company will keep its eye on expanding in logistics, energy transition, and adjacent sectors. In the last 1-year, Adani Enterprises share price has delivered a return of 29.15% (as on October 30, 2024).
Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
Reference
https://www.adanienterprises.com/-/media/Project/Enterprises/Investors/Investor-Downloads/Result-Press-Release-Dynamic/Results-press-releases.pdf
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